Schwab Stock Plan Services and Certent Collaborate to Expand and Improve Participant Access to Equity Compensation Services
October 13 2017 - 09:00AM
Business Wire
Schwab brokerage services, financial wellness
capabilities, and real-time data exchange enhance participant
experience for Certent clients
Schwab Stock Plan Services and Certent today announced a
collaboration that enables Certent clients to seamlessly integrate
their stock plan administration with Schwab’s brokerage
capabilities and robust participant experience. The onboarding
process for clients will begin immediately, with the new technology
available in early 2018.
Through this relationship, Certent, a leading provider of equity
compensation and financial disclosure software‐as‐a‐service (SaaS)
solutions, will remain the equity compensation administrator for
its plan sponsor clients. Joint clients’ plan participants will
gain access to Schwab’s advanced trading tools and brokerage
solutions, including: dedicated support from Schwab Stock Plan
Services professionals; financial wellness education for employees;
a comprehensive digital platform, including a mobile app*; and
personal equity award consultations, regardless of award size. In
addition, participants will benefit from Schwab’s low $4.95
standard online equity trade commissions** and Schwab’s
Satisfaction Guarantee+. Schwab also plans to waive the ongoing
maintenance fee for Certent’s plan sponsor clients.
“At Schwab, our number one goal is to help investors achieve
better outcomes through a combination of technology, outstanding
service and financial education,” said Marc McDonough, vice
president of Schwab Stock Plan Services. “Our collaboration with
Certent enables us to serve individuals who traditionally did not
have access to brokerage services, making investing and financial
planning easier and more accessible.”
Certent will seamlessly integrate with Schwab Stock Plan
Services’ new cloud-based SaaS platform which allows for a secure
means of sending and receiving data in real-time through
application programming interfaces (APIs). With Schwab’s new API,
data will be updated continuously so participants can view and
engage with their equity awards instantaneously. The new platform
supports online grant acceptance, online employee stock purchase
events, employee enrollment, and performance awards and cash
instruments.
“We are excited to take this next evolutionary step with Charles
Schwab by enhancing the integration between our systems,” said
Jorge Martin, general manager, Equity Management at Certent. “This
enhanced technology will enable our plan sponsor clients to
leverage Certent Equity Management while their plan participants
will benefit from Schwab’s dedication to the success of individual
investors.”
About Charles Schwab
At Charles Schwab we believe in the power of investing to help
individuals create a better tomorrow. We have a history of
challenging the status quo in our industry, innovating in ways that
benefit investors and the advisors and employers who serve them,
and championing our clients’ goals with passion and integrity.
More information is available at www.aboutschwab.com. Follow us
on Twitter, Facebook, YouTube and LinkedIn.
Schwab Stock Plan Services provides equity compensation plan
services and other financial services to corporations and
executives through Charles Schwab & Co., Inc. Charles Schwab
& Co., Inc., a registered broker/dealer, offers brokerage and
custody services to its customers.
About Certent
Certent, Inc. is a leading provider of software and services for
equity compensation and financial disclosure management and
reporting. Founded in 2002, Certent serves more than 2,400 public,
private, and pre-IPO companies with innovative stock plan
management, regulatory compliance and reporting technology. With
five global offices, Certent delivers confidence across
mission-critical finance and HR processes.
Disclosures
*Requires a wireless signal or mobile connection.
**Restrictions apply: The standard online $4.95 commission does
not apply to foreign stock transactions, large block transactions
requiring special handling, or restricted stock transactions.
Foreign ordinary shares that trade online in the U.S.
over-the-counter (OTC) marketing and do not settle in the U.S. will
have a $50 foreign transaction fee added to the cost of the
transaction. All broker-assisted and automated phone trades are
subject to service charges. See the Charles Schwab Pricing Guide
for Individual Investors for full fee and commission schedules.
Employee equity compensation transactions are subject to separate
commission schedules.
+If you are not completely satisfied for any reason, at your
request Charles Schwab & Co., Inc. (“Schwab”) or Charles Schwab
Bank ("Schwab Bank") will refund any eligible fee related to your
concern within the required timeframes. Schwab reserves the right
to change or terminate the guarantee at any time. Go to
schwab.com/satisfaction to learn what’s included and how it
works.
Schwab Stock Plan Services and Certent, Inc. are not
affiliated.
Brokerage Products: Not FDIC-Insured · No Bank Guarantee ·
May Lose Value
Through its operating subsidiaries, The Charles Schwab
Corporation (NYSE: SCHW) provides a full range of securities
brokerage, banking, money management and financial advisory
services to individual investors and independent investment
advisors. Its broker-dealer subsidiary, Charles Schwab & Co.,
Inc. (member SIPC, www.sipc.org), and affiliates offer a complete
range of investment services and products including an extensive
selection of mutual funds; financial planning and investment
advice; retirement plan and equity compensation plan services;
compliance and trade monitoring solutions; referrals to independent
fee-based investment advisors; and custodial, operational and
trading support for independent, fee-based investment advisors
through Schwab Advisor Services. Its banking subsidiary, Charles
Schwab Bank (member FDIC and an Equal Housing Lender), provides
banking and lending services and products. More information is
available at www.schwab.com and www.aboutschwab.com.
(1017-78LE)
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version on businesswire.com: http://www.businesswire.com/news/home/20171013005057/en/
Charles SchwabMike Peterson,
330-908-4334mike.peterson@schwab.comorCertentAaron Bolshaw,
925-730-4300press@certent.comorIntermarket CommunicationsMichael
Gelormino, 212-754-5479mgelormino@intermarket.com
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